Key developments in Vietnam forex market this week:

First, the VND/USD rate came under pressure early in the week before gradually stabilizing following central bank intervention. Interbank market liquidity improved, but corporate forex demand remains strong.

Second, the SBV released its latest monetary policy report, emphasizing flexible monetary policy management and timely adjustment of policy tools according to economic conditions. The report also mentioned continued forex market reform to improve transparency and pricing efficiency.

Additionally, Vietnam trade surplus data exceeded expectations, providing some support for the dong. However, global dollar strength and geopolitical uncertainty continue to pressure emerging market currencies.